Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Regional Center in Greenbelt, MD Title is generated by Realmo AI

    7589 Greenbelt Rd, Greenbelt, MD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    200,000 SF regional center with multiple access points.

    Type:LAND
    Lot size:
    0.12 Acres
    Added:
    Oct 30, 2023
    Days on Market:
    936
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 7589 Greenbelt Rd

    General Information

    Standard status
    Active
    Lot size
    0.12 Acres
    Property subtype
    LAND

    Spaces For Lease

    at 7589 Greenbelt Rd Contact us

    We can help!

    Listing Contact
    Cooper A. Henry
    Cooper A. Henry

    Listing agent Cooper A. Henry License #602116

    Listing office KLNB - Baltimore

    Listing date Oct 30, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KLNB - Baltimore

    HighLights

    • Anchored by Safeway, Ross, PetSmart, and Party City
    • Located at the intersection of Greenbelt Rd (193) and the Baltimore‑Washington Pkwy (295)
    • Approximately 200,000 SF regional center
    • Multiple methods of signalized ingress/egress
    • Ample parking is available.
    • Dense residential and daytime population in the immediate trade area

    Overview

    This is a regional center encompassing approximately 200,000 square feet. It is located at the intersection of Greenbelt Road (193) and the Baltimore-Washington Parkway (295). Anchors include Safeway, Ross, PetSmart, and Party City. The property benefits from multiple signalized points of ingress and egress, along with ample parking. The surrounding area features a dense residential population and a substantial daytime population.
    Location Intelligence

    Current Use by Public Records

    Ephraim Chimney Cleaning Big Box & Wholesale Store Greeeyo Catering LLC Take-out & Catering Greenway Center Shopping Center & Mall Domenek Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Greenbelt Mall — unnamed road, greenbelt, md 20770
    • Kalpana Dip-N-Depot — 6100 Greenbelt Rd, Greenbelt, MD 20770
    • Beltway Plaza Mall — 6000 Greenbelt Rd, Greenbelt, MD 20770
    • Coinstar Kiosk | Bitcoin ATM — Giant Landover, 6000 Greenbelt Rd, Greenbelt, MD 20770

    Location Insight

    • Map
    • Local Demand
    City
    Greenbelt
    County
    Prince George's
    State
    Maryland
    Longitude
    -76.877
    Latitude
    38.9925

    Nearby Similar for Lease

    • $2,095/Mo

      Medical Office Space For Lease

      Office suite ideal for medical professional or new practice.
      7929 BELLE POINT Drive, GREENBELT, MD 20770
      View Details
    • $2,600/Mo

      Medical Office Suite For Lease

      Well-appointed medical office suite in Greenbelt, MD.
      7933 BELLE POINT Drive, GREENBELT, MD 20770
      View Details
    • $3,500/Mo

      Turnkey Salon in Greenbelt, MD

      Move-in ready salon space in a professional office complex.
      7823 BELLE POINT Drive, GREENBELT, MD 20770
      View Details
    • $3 SF/Yr
      2,096 SF

      Greenbelt Medical Office Suite

      Expansive medical office suite in Greenbelt, MD.
      7500 HANOVER Pkwy 207, Greenbelt, MD 20770
      View Details
    • $3,000/Mo
      2,096 SF

      Expansive Medical Office Suite

      Functional medical office space in Greenbelt, MD.
      7500 Hanover Pkwy #207, GREENBELT, MD 20770
      View Details
    • $2,095/Mo

      Medical Office Space Available

      Office suite for lease, ideal for medical professionals.
      7929 BELLE POINT Dr, Greenbelt, MD 20770
      View Details
    • $2,600/Mo

      Medical Office Suite For Rent

      Well-appointed medical office suite for healthcare professionals.
      7933 BELLE POINT Dr, Greenbelt, MD 20770
      View Details
    • $2,200/Mo

      First Floor End Unit Office

      First floor office unit with upgraded conference room available for rent.
      7253 HANOVER Pkwy 2611, Greenbelt, MD 20770
      View Details
    • $22 SF/Yr
      1,571 SF

      Greenbelt Office Space For Lease

      First floor office space available for lease in Greenbelt.
      7505 Greenway Center Drive, Greenbelt, MD 20770
      View Details
    • $2,600/Mo

      Medical Office Suite For Rent

      Well-appointed medical office suite suitable for healthcare professionals.
      7933 Belle Point Dr, GREENBELT, MD 20770
      View Details
    • Contact for pricing

      Renovated Office Space Available

      Recently renovated office space with excellent visibility and amenities.
      7474 Greenway Center Drive, Greenbelt, MD 20770
      View Details
    • Contact for pricing

      Move-in Ready Office Suites

      Recently renovated office suites with high-end finishes and abundant parking.
      7855 Walker Drive, Greenbelt, MD 20770
      View Details

    FAQs

    What type of property is this?
    Shopping center - 200,000 SF regional center with multiple access points.
    Where is this shopping center located?
    The property is located at 7589 Greenbelt Rd Greenbelt, MD.
    What are key features of this property?
    This property features: Anchored by Safeway, Ross, PetSmart, and Party City; Located at the intersection of Greenbelt Rd (193) and the Baltimore‑Washington Pkwy (295); Approximately 200,000 SF regional center
    (410) 321-0100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cooper A. Henry
    Cooper A. Henry
    Real Estate License ID: 602116
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7589 Greenbelt Rd, Greenbelt, MD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!